MEDIPOST Correlations

078160 Stock

KRW 11,200 200.00 1.82%

The current 90-days correlation between MEDIPOST and Youngsin Metal Industrial is 0.15 (i.e., Average diversification). The correlation of MEDIPOST is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

MEDIPOST Correlation With Market

Significant diversification

The correlation between MEDIPOST Co and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MEDIPOST Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to MEDIPOST could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MEDIPOST when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MEDIPOST - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MEDIPOST Co to buy it.

Moving together with MEDIPOST Stock

0.69	005930	Samsung Electronics Earnings Call This Week	Pair Corr
0.69	005935	Samsung Electronics Earnings Call This Week	Pair Corr
0.81	005385	Hyundai Motor Earnings Call Today	Pair Corr
0.81	005387	Hyundai Motor Earnings Call Today	Pair Corr
0.83	005380	Hyundai Motor Earnings Call Tomorrow	Pair Corr
0.74	024110	Industrial Bank Earnings Call Tomorrow	Pair Corr
0.74	055550	Shinhan Financial Earnings Call Tomorrow	Pair Corr
0.79	105560	KB Financial Group Earnings Call Tomorrow	Pair Corr
0.88	000660	SK Hynix Earnings Call Today	Pair Corr

Related Correlations Analysis

	153460	007530	067010	192080	293490	090370	020180
153460		0.3	-0.44	0.28	0.84	-0.32	-0.16	153460
007530	0.3		-0.49	0.69	0.38	-0.47	-0.53	007530
067010	-0.44	-0.49		-0.19	-0.53	0.03	0.64	067010
192080	0.28	0.69	-0.19		0.44	-0.66	-0.13	192080
293490	0.84	0.38	-0.53	0.44		-0.34	-0.27	293490
090370	-0.32	-0.47	0.03	-0.66	-0.34		0.01	090370
020180	-0.16	-0.53	0.64	-0.13	-0.27	0.01		020180
	153460	007530	067010	192080	293490	090370	020180

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

293490	+ 0.84	153460
192080	+ 0.69	007530
020180	+ 0.64	067010
293490	+ 0.44	192080
293490	+ 0.38	007530
007530	+ 0.3	153460

High negative correlations

090370	- 0.66	192080
293490	- 0.53	067010
020180	- 0.53	007530
067010	- 0.49	007530
090370	- 0.47	007530
067010	- 0.44	153460

Risk-Adjusted Indicators

There is a big difference between MEDIPOST Stock performing well and MEDIPOST Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MEDIPOST's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
153460	1.13	0.09	(0.01)	0.39	1.36	(1.20)	2.43	(2.93)	6.43
007530	1.84	0.53	0.16	4.14	1.80	(2.09)	4.97	(4.05)	15.30
067010	0.83	(0.27)	0.00	(0.90)	0.00	0.00	1.06	(2.15)	6.21
192080	1.45	0.10	(0.01)	0.55	2.01	(1.69)	3.76	(2.70)	20.41
293490	2.56	0.44	0.11	1.80	2.42	(3.19)	5.75	(3.73)	38.05
090370	1.09	0.10	(0.09)	(0.06)	1.53	(1.20)	2.55	(2.43)	9.70
020180	1.76	(0.28)	0.00	(1.12)	0.00	0.00	3.56	(3.84)	15.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in MEDIPOST without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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